Top-selling PS Vita system Game from Lunar Series Creators Set for Release this Year

Torrance, Calif., (May 4, 2012) – XSEED Games, an independent-minded publisher, today  announced that it will release the popular action RPG title Ragnarok Odyssey later this year on PlayStation®Vita handheld entertainment system in North America. Developed by Grandia and Lunar series veteran studio Game Arts and published by GungHo Online Entertainment in Japan, Ragnarok Odyssey is a new title set in the familiar Ragnarok Online universe. The game was released in Japan in early February to both retail and critical success as it garnered strong sales while earning a Famitsu Gold Award. The publishing agreement with GungHo Online Entertainment gives XSEED Games exclusive publishing rights for Ragnarok Odyssey in North America.

“Ragnarok Odyssey is an amazing game that players have recognized through its position as one of the best-selling PS®Vita titles in Japan,” said Ken Berry, Executive Vice President of XSEED Games. “To be able to offer this game, which has been the most requested title by our fans for some time now, is very rewarding and speaks to the level of quality we are committed to delivering to the players.”

An action-heavy RPG set in the lush landscape of the familiar Ragnarok Online universe, Ragnarok Odyssey is a fast-paced game with a heavy emphasis on melee combat. The game is set in a world where humans and giants are pitted against each other in battle following the death of the world’s ancient gods. Based on Norse Mythology, the world of Ragnarok Odyssey will begin to take form as players advance through the story, with new areas opening up as their journey goes on.

In Ragnarok Odyssey, players will embark on a campaign to take down monsters and giants of massive scale, and characters can chain together massive combo attacks both on the ground and in the air thanks to the game’s extremely versatile combat system. Massive enemies can literally be smacked across the screen, and players can even up their speed and agility at the expense of HP for particularly challenging battles. On top of this, the game promotes cooperative gameplay, supporting up to four players for ad-hoc and online cooperative gameplay.

Characters in Ragnarok Odyssey are fully customizable, and players are given the ability to choose from up to six job classes that can be changed throughout the game for specific quests. As quests are completed, characters can be upgraded to increase their combat effectiveness.

Ragnarok Odyssey was developed by Game Arts and GungHo Online Entertainment, exclusively for PS Vita system. The game will be published by XSEED Games in North America in 2012.

(c) Gravity Co., Ltd. & Lee MyoungJin(Studio DTDS). All Rights Reserved.

(c) GungHo Online Entertainment, Inc. All Rights Reserved.

Licensed to and published by XSEED Games.

About GungHo Online Entertainment, Inc.

GungHo Online Entertainment, Inc. was founded in 1998 and has been providing online game services with a focus on community since August 2002. GungHo is making further advancements as a comprehensive game company. Through the acquisition of veteran game company Game Arts in 2005, GungHo plans to enhance the development of console and online games through the utilization of their vast achievements as a video game developer, and we start developing and releasing console games in 2007, providing cross-platform game-software from development to operation. The corporate philosophy is to provide an “impressive and exciting” experience to all of our customers, as GungHo continues to provide new forms of entertainment as a “comprehensive entertainment company”. For more information, please visit http://www.gungho.co.jp/english/.

About GAME ARTS Co., Ltd.

GAME ARTS Co., Ltd. was established in 1985 and has been in the industry for more than 20 years, becoming one of the most prestigious development companies in Japan with role-playing games such as the “GRANDIA” and “Lunar” series, the shooter series “Silpheed,” and the mechanized shooter series “Gungriffon.” Currently developing titles for next gen home consoles, portable devices as well as PC, the technology gained through their vast development experience working on first-party and original titles across a wide range of platforms has prepared them to tackle every new project dynamically and professionally. GAME ARTS Co., Ltd. is a subsidiary company of GungHo Online Entertainment, Inc. For more information, please visit http://www.gamearts.com/.

About XSEED Games

XSEED Games was formed in November 2004 by a small group of industry veterans with a common vision; to cross pollinate the avid gaming culture of Japan and North America. Delivering unique, innovative titles across multiple platforms and genres, XSEED Games is dedicated to publishing products that appeal and enrich the North American market. More information on XSEED Games can be found at http://www.xseedgames.com.